Company Disclosure: NCD Issuance Approval
Key Approval Details
The Board of Directors approved the issuance in their meeting held on 24th July 2026 (commenced at 2:00 PM, concluded at 5:00 PM). The approval is subject to shareholder approval via special resolution at the 17th Annual General Meeting scheduled for 28th August 2026.
Instrument Specifications
- Type: Secured, redeemable, unlisted, non-convertible debentures
- Face Value: ₹1,00,000 per debenture
- Total Issue Size: Up to 300 debentures aggregating ₹3,00,00,000 (Three Crore)
- Listing Status: Unlisted (not proposed to be listed)
- Legal Basis: Private placement under Section 42 read with Section 71 of Companies Act, 2013
Tenure and Redemption Schedule
- Tentative Allotment Date: On or about 30th September 2026
- Maturity Period: 24 months from allotment date
- Final Redemption Date: On or about 30th September 2028
- Issuer Call Option: Exercisable after 18 months (on or about 30th March 2028) with accrued coupon
Interest Terms
- Coupon Rate: 12.00% per annum (fixed)
- Payment Frequency: Quarterly payments
- Payment Basis: As per Debenture Trust Deed to be executed with Debenture Trustee
Security and Default Provisions
- Security: Secured by charge on company's assets created within 30 days from allotment date
- Default Interest: Additional 2% per annum over coupon rate payable from date of Payment Default or Event of Default until cure
Redemption Details
- Redemption Method: Bullet repayment at maturity
- Redemption Source: Internal accruals of the company
- Documents: Terms governed by Debenture Trust Deed and Deed of Hypothecation